EUR/USD: 'High Wave' points to decline
The market is likely going to test the 34 Moving Average. If a pullback from this line happens next, bulls will probably try to reach...
AUD/CHF reversed from resistance zone
- AUD/CHF reversed from resistance zone
- Next sell target - 0.7600
AUD/CHF recently reversed down from the resistance zone lying between the strong resistance level 0.7710 (which has been steadily reversing the pair from the middle of October, having recently created the daily Japanese candlesticks reversal patterns Evening Star and Hammer) and the upper daily Bollinger Band. AUD/CHF is expected to fall further toward the next sell target at the next support level 0.7600 (low of the B-wave of the previous ABC correction (2) from November).
Dmitry Chernovolov
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